CoTec Investment Mkango and Hypromag Announces First Production from Commercial-Scale Recycled Rare Earth Alloy Production in the UK
CoTec Holdings (OTCQB:CTHCF) announced that Mkango Resources and HyProMag have achieved first production of recycled rare earth alloy at the commercial-scale HPMS facility in Birmingham, UK. The milestone marks the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using HPMS technology at the UK's only sintered rare earth magnet manufacturing facility.
The success has significant implications for HyProMag USA, a 50:50 joint venture between CoTec and HyProMag, which is developing an integrated rare earth magnet recycling facility in Dallas-Fort Worth, with commissioning targeted for 2027. This development represents a crucial step toward establishing a secure, domestic rare earth magnet supply chain in North America.
CoTec Holdings (OTCQB:CTHCF) ha annunciato che Mkango Resources e HyProMag hanno raggiunto la prima produzione di lega di terre rare riciclata presso l'impianto commerciale HPMS a Birmingham, Regno Unito. Questo traguardo segna la prima produzione commerciale su larga scala di lega di neodimio-ferro-boro (NdFeB) riciclata utilizzando la tecnologia HPMS presso l'unico stabilimento nel Regno Unito specializzato nella produzione di magneti sinterizzati di terre rare.
Il successo ha importanti implicazioni per HyProMag USA, una joint venture al 50:50 tra CoTec e HyProMag, che sta sviluppando un impianto integrato per il riciclo di magneti di terre rare a Dallas-Fort Worth, con l'avvio previsto per il 2027. Questo sviluppo rappresenta un passo fondamentale per stabilire una catena di approvvigionamento sicura e nazionale di magneti di terre rare in Nord America.
CoTec Holdings (OTCQB:CTHCF) anunció que Mkango Resources y HyProMag han logrado la primera producción de aleación reciclada de tierras raras a escala comercial en la planta HPMS en Birmingham, Reino Unido. Este hito marca la primera producción comercial a gran escala de aleación reciclada de neodimio-hierro-boro (NdFeB) utilizando la tecnología HPMS en la única instalación del Reino Unido dedicada a la fabricación de imanes sinterizados de tierras raras.
El éxito tiene importantes implicaciones para HyProMag USA, una empresa conjunta 50:50 entre CoTec y HyProMag, que está desarrollando una planta integrada para el reciclaje de imanes de tierras raras en Dallas-Fort Worth, con puesta en marcha prevista para 2027. Este avance representa un paso crucial para establecer una cadena de suministro segura y nacional de imanes de tierras raras en Norteamérica.
CoTec Holdings (OTCQB:CTHCF)는 Mkango Resources와 HyProMag가 영국 버밍엄에 위치한 상업 규모 HPMS 시설에서 재활용 희토류 합금의 첫 생산을 달성했다고 발표했습니다. 이 성과는 영국 내 유일한 소결 희토류 자석 제조 시설에서 HPMS 기술을 사용하여 재활용된 네오디뮴-철-붕소(NdFeB) 합금을 상업 규모로 처음 생산한 것을 의미합니다.
이 성공은 CoTec와 HyProMag가 50:50으로 공동 투자한 HyProMag USA에 중요한 의미를 갖는데, 이 회사는 2027년 가동을 목표로 달라스-포트워스에 통합 희토류 자석 재활용 시설을 개발 중입니다. 이 발전은 북미에서 안전하고 국내 공급망을 구축하는 데 중요한 단계입니다.
CoTec Holdings (OTCQB:CTHCF) a annoncé que Mkango Resources et HyProMag ont réalisé la première production d'alliage de terres rares recyclé à l'échelle commerciale dans l'installation HPMS à Birmingham, Royaume-Uni. Cette étape marque la première production commerciale à grande échelle d'alliage recyclé de néodyme-fer-bore (NdFeB) utilisant la technologie HPMS dans la seule usine britannique de fabrication de magnets en terres rares frittés.
Ce succès a des implications majeures pour HyProMag USA, une coentreprise à 50:50 entre CoTec et HyProMag, qui développe une installation intégrée de recyclage de magnets en terres rares à Dallas-Fort Worth, avec une mise en service prévue pour 2027. Ce développement représente une étape cruciale vers l'établissement d'une chaîne d'approvisionnement nationale et sécurisée de magnets en terres rares en Amérique du Nord.
CoTec Holdings (OTCQB:CTHCF) gab bekannt, dass Mkango Resources und HyProMag die erste Produktion von recycelter Seltene-Erden-Legierung in der kommerziellen HPMS-Anlage in Birmingham, Großbritannien, erreicht haben. Dieser Meilenstein markiert die erste kommerzielle Produktion von recycelter Neodym-Eisen-Bor (NdFeB)-Legierung mittels HPMS-Technologie in der einzigen gesinterten Seltene-Erden-Magnetfertigungsanlage des Vereinigten Königreichs.
Der Erfolg hat bedeutende Auswirkungen für HyProMag USA, ein 50:50 Joint Venture zwischen CoTec und HyProMag, das eine integrierte Recyclinganlage für Seltene-Erden-Magnete in Dallas-Fort Worth entwickelt, mit einer geplanten Inbetriebnahme im Jahr 2027. Diese Entwicklung stellt einen entscheidenden Schritt zur Etablierung einer sicheren, inländischen Versorgungskette für Seltene-Erden-Magnete in Nordamerika dar.
- None.
- Long timeline to commissioning of US facility (2027)
- Complex ownership structure through multiple joint ventures and subsidiaries
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / July 8, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to note that Mkango Resources Ltd. (AIM/TSX-V:MKA) ("Mkango") and HyProMag Limited ("HyProMag") have announced first production runs of recycled rare earth alloy from the commercial-scale Hydrogen Processing of Magnet Scrap ("HPMS") vessel at Tyseley Energy Park ("TEP") in Birmingham, UK.
This marks the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using HPMS technology and represents a significant milestone for all stakeholders involved. The TEP plant is the UK's only sintered rare earth magnet manufacturing facility and is a major step forward for both domestic and global rare earth supply chains.
Julian Treger, Chief Executive Officer of CoTec, commented: "We are delighted to see Mkango and HyProMag achieving this significant milestone, and we extend our congratulations to all involved, including the teams at the University of Birmingham and Tyseley Energy Park. This first production of recycled rare earth alloy is a critical step in validating HPMS technology at scale and sends a powerful signal for what is to come in the United States. The successful start-up at Tyseley bodes very well for our HyProMag USA joint venture, as we continue advancing detailed engineering and move toward building a secure, domestic rare earth magnet supply chain in North America."
HyProMag USA is a 50:50 joint venture between CoTec and HyProMag (a
About CoTec
CoTec Holdings Corp. is a publicly traded investment issuer listed on the TSX Venture Exchange and OTCQB under the symbols CTH and CTHCF, respectively. CoTec is a forward-thinking resource extraction company committed to transforming the global metals and minerals industry through environmentally sustainable technologies and strategic asset acquisitions.
With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach:
Investing in disruptive mineral extraction technologies that enhance efficiency and sustainability, and
Applying these technologies to undervalued mining assets to unlock their full potential.
By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's model enables low capital requirements, rapid revenue generation, and high barriers to entry - positioning it as a leading mid-tier disruptor in the commodities sector.
Please visit www.cotec.ca.
For further information, please contact:
Braam Jonker - (604) 992-5600
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Company and its investments that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to the expected development and outcomes of first production runs by HyProMag Limited and its potential impact on the HyProMag USA project and other current or potential investments. Since forward-looking statements address future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results could differ materially due to known and unknown risks and uncertainties affecting the Company, including but not limited to: resource and reserve risks; environmental risks and costs; labor costs and shortages; supply and price fluctuations in materials; increases in energy costs; contractor and subcontractor performance; project delays and cost overruns; extreme weather; and geopolitical or social disruptions.
For further details, refer to "Risk Factors" in the Company's filing statement dated April 6, 2022, available under the Company's profile at www.sedarplus.ca. The Company assumes no responsibility to update forward-looking statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure documents.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
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